Call reports 2024
SECURITY STATE BANK — 2024
What SECURITY STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 278,059,000 | 272,597,000 | 293,609,000 | 310,837,000 |
| Total loans | 174,326,000 | 173,795,000 | 190,071,000 | 220,961,000 |
| Allowance for loan losses | 1,472,000 | 2,172,000 | 2,372,000 | 2,710,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 58,982,000 | 44,655,000 | 51,867,000 | 49,887,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 242,557,000 | 235,707,000 | 252,601,000 | 271,781,000 |
| Interest-bearing deposits | 199,799,000 | 194,601,000 | 219,455,000 | 216,549,000 |
| Noninterest-bearing deposits | 42,758,000 | 41,106,000 | 33,146,000 | 55,232,000 |
| Equity capital | 34,820,000 | 35,933,000 | 39,863,000 | 38,523,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,871,000 | 9,348,000 | 14,196,000 | 19,008,000 |
| Interest expense | 1,967,000 | 3,875,000 | 5,868,000 | 7,757,000 |
| Net interest income | 2,904,000 | 5,473,000 | 8,328,000 | 11,251,000 |
| Noninterest income | 711,000 | 955,000 | 1,242,000 | 1,389,000 |
| Noninterest expense | 1,021,000 | 2,021,000 | 3,021,000 | 5,315,000 |
| Provision for loan losses | 50,000 | 750,000 | 962,000 | 1,300,000 |
| Pretax income | 2,544,000 | 3,657,000 | 5,587,000 | 6,025,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,544,000 | 3,657,000 | 5,587,000 | 6,025,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,820,000 | 35,933,000 | 39,863,000 | 38,523,000 |